The un-audited financial results of the three largest listed Lebanese banks (BLOM, Audi, and Byblos) for 2016 show that they have maintained their sustainable profitability, despite the continuing ... read more
As per its latest unaudited financial statements, Bank of Beirut (BoB) recognized a yearly 7.96% rise in its Net Income, ending 2015 at a level of LBP 65.99B ($43.78M). BoB saw its net interest income ... read more
by Dr. Ali Bolbol, Economic Adviser at BLOM group (PDF version available here: Macroeconomic Effects of the COLA and Salary Scale Adjustments in the Public Sector ) 1. Introduction In January 2012, ... read more
The consolidated financial statements of Byblos Bank revealed a 3.05% year-on-year (y-o-y) increase in profits to $33.76M in the first quarter of 2016 (Q1 2016). As net interest income and net fees and ... read more
According to its financial statements, BEMO Bank managed to post a 17.86% year-on-year (y-o-y) growth in its net profits to $3.70M in the first quarter (Q1) of 2016. This came as a result of the 11.52% ... read more
According to BLC Bank’s income statement, net profits dropped 19.99% year-on-year to $9.24M in the first quarter (Q1) of 2016. Net interest income and net fees and commission income decreased 38.07% and ... read more
The Beirut Stock Exchange experienced a subdued weekly performance for the third week running, as the BLOM Stock Index stood at 1,154.42 points, narrowing by 0.53% during the week. As for the market ... read more
Lebanese Forex Market: Demand for the Dollar in the Lebanese Forex Market remained unchanged over the past week as the value of the dollar steadied at $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514. ... read more
Lebanese Eurobonds’ Market saw increased demandfor short-term maturities over the week, pushing the BLOM Bond Index (BBI) up 0.18% over the week to 103.78 points. Hence, the Lebanese gauge was able to ... read more
During the week ending April 14, broad Money M3 increased by LP 383B ($254.12M) to reach LP 187,647B ($124.48B). M3 registered a 6.01% yearly growth and a 0.56% year-to-date uptick. In contrast, M1 ... read more
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